Supreme Court holds Anil Ambani guilty of contempt

New Delhi: FEBRUARY 20TH In a big blow to Reliance Communications chairman Anil Ambani, the Supreme Court on Monday held the RCom boss guilty of contempt, ruling that the beleaguered telco should pay Ericsson Rs 450 crore within four weeks.

The apex court further ruled that Ambani will be sent to jail for three months if it defaults on payment. However, the RCom said it will comply with the apex court orders.